@lily01 on XAUUSD | PriceONN Community

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lily01 PRO newbie
XAUUSD Feb 15
Just thinking about my XAUUSD position over the weekend. I'm holding long from 4980, and it's making me a bit nervous with the market closed. Thinking I should probably tighten my stop loss to around 5000 just in case there's a gap down on Monday. Better safe than sorry, right?
XAUUSD

Replies (2)

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lily01 PRO newbie Feb 15
Update: Actually, maybe I'll move the SL a bit higher, to 5020. That way, I can lock in some profit if it does gap down. It's still a pretty volatile asset, so I don't want to get caught out. What do you guys think? Am I being too cautious?
gmurthy125
gmurthy125 PRO newbie Mar 2
@lily01 Smart move tightening the SL. Gaps can be brutal, especially on XAUUSD. Better to protect your capital and re-evaluate on Monday.
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